Natural gas futures fell again Monday as forecasts for more mild fall weather and light demand eclipsed robust liquefied natural gas (LNG) levels. The December Nymex contract settled at $5.186/MMBtu, down 24.0 cents day/day. January fell 22.4 cents to $5.305.

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At A Glance:

  • EIA prints 154 Bcf withdrawal 
  • Warmth to follow weekend cold
  • Production nears 98 Bcf/d

Trading Monday extended a steep downward trend. Futures shed more than 75 cents over the final two trading days last week.

NGI’s Spot Gas National Avg. slid 6.0 cents on Monday to $5.020.

U.S. LNG feed gas volumes hovered close to 2021 highs above 11 Bcf Monday, according to NGI data, as demand held strong from export destinations in Asia and Europe ahead of winter.

However, as forecasts have increasingly called...